Revised Option for North Carolina

---------------------- Forwarded by Kay Mann/Corp/Enron on 01/25/2001 04:18
PM ---------------------------

From: Kathleen Carnahan 01/25/2001 10:21 AM

To: Reagan Rorschach/NA/Enron@Enron
cc: Kay Mann/Corp/Enron@Enron

Subject: Revised Option for North Carolina

Reagan,

Attached is the revised North Carolina form of Option. It has been confirmed
that the Option renewal payments must not exceed 5% of the purchase price.

.